EXHIBIT 99.1
[ARLINGTON HOSPITALITY LOGO]
ARLINGTON HOSPITALITY, INC.
2355 South Arlington Heights Road - Suite 400 - Arlington Heights, IL 60005
847-228-5400 Fax: 847-228-5409 www.arlingtonhospitality.com
For Immediate Release
CONTACT: MEDIA CONTACT:
James B. Dale, Chief Financial Officer Jerry Daly or Carol McCune
847-228-5401 x 361 703-435-6293
jimdale@arlingtonhospitality.com jerry@dalygray.com
JERRY HERMAN TO STEP DOWN AS ARLINGTON HOSPITALITY, INC. CEO AT YEAR END
ARLINGTON HEIGHTS, Ill., November 29, 2004--Arlington Hospitality, Inc.
(Nasdaq/NM: HOST), a hotel development and management company, today announced
that Jerry H. Herman has stepped down from the board of directors effective
immediately but will remain as the company's president and CEO until the end of
2004.
"It has been a pleasure working with Jerry these past two years," said
Kenneth M. Fell, Arlington's chairman of the board. "Along with the board, he
helped develop a new strategy and chart a progressive course that has led the
company through a difficult downturn in the industry. Arlington now has a more
solid foundation, and the company is in a good position to move forward, just as
the industry recovery is gaining momentum. We appreciate all of his efforts on
behalf of our employees and shareholders, and wish him well in his new
endeavors. Arlington's board of directors has formed a committee to oversee the
search for Herman's replacement, and plans to engage a national search firm in
the near future to assist us in finding a successor."
"We have made progress in implementing our new strategy and business
plan for Arlington, and I believe the company is now in a better position to
return to the path of growth,"
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Herman to Leave
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Herman said. "I have commuted from my home in Washington, D.C. these past two
years, and for personal reasons I cannot relocate to Chicago at this time. It
has been a pleasure to work with the board to create a new strategic vision for
Arlington and to work with the great team of 800 associates in our corporate
headquarters and at our hotels."
ABOUT ARLINGTON HOSPITALITY
Arlington Hospitality, Inc. is a hotel development and management
company that builds, operates and sells mid-market hotels. Arlington is the
nation's largest owner and franchisee of AmeriHost Inn hotels, a 106-property
mid-market, limited-service hotel brand owned and presently franchised in 20
states and Canada by Cendant Corporation (NYSE: CD). Currently, Arlington
Hospitality, Inc. owns or manages 51 properties in 15 states, including 48
AmeriHost Inn hotels, for a total of 3,672 rooms, with additional AmeriHost Inn
& Suites hotels under development.
This press release may contain forward-looking statements.
Forward-looking statements are statements that are not historical, including
statements regarding management's intentions, beliefs, expectations,
representations, plans or predictions of the future, and are typically
identified by words such as "believe," "expect," "anticipate," "intend,"
"estimate," "may," "will," "should," and "could." There are numerous risks and
uncertainties that could cause actual results to differ materially from those
set forth in the forward-looking statements. For a discussion of these factors,
see the Company's report on Form 10-K for the year ended December 31, 2003,
reports on Form 10-Q for the periods ended March 31, 2004, June 30, 2004,and
September 30, 2004 under the section headed "Management's Discussion and
Analysis of Financial Condition and Results of Operations -- Risk Factors."